Weibo Corporation (WB) Q4 2024 Earnings Call Transcript
Weibo Corporation (NASDAQ:WB ) Q4 2024 Results Conference Call March 13, 2025 7:00 AM ET Company Participants Sandra Zhang - Investor Relations Gaofei Wang - Chief Executive Officer Fei Cao - Chief Financial Officer Conference Call Participants Xueqing Zhang - CICC Felix Liu - UBS Daisy Chen - Haitong International Operator Good day, and thank you for standing by. Welcome to the Weibo reports fourth quarter and fiscal year 2024 financial results.
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Weibo Ad Revenue And MAUs Drop In Q4, Stock Slides
Weibo Corp (NASDAQ: WB) reported a fiscal fourth-quarter revenue decline of 1% year-on-year to $456.83 million, beating the analyst consensus estimate of $437.87 million.
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Weibo Announces Fourth Quarter and Fiscal Year 2024 Unaudited Financial Results and Annual Dividend
BEIJING , March 13, 2025 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (Nasdaq: WB and HKEX: 9898), a leading social media in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024 and annual dividend. "We capped off the year with solid performance in the fourth quarter of 2024," said Gaofei Wang, CEO of Weibo.
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3 Internet Stocks to Buy From a Prospering Industry
The Zacks Internet - Content industry participants like Yelp (YELP), Weibo (WB) and Angi (ANGI) are benefiting from expanding mobile, digital and cloud-based offerings amid challenging macroeconomic conditions globally.
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New Strong Buy Stocks for December 5th
TSM, UOVEY, GSBC, WB and VRT have been added to the Zacks Rank #1 (Strong Buy) List on December 5, 2024.
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Best Value Stocks to Buy for December 5th
WB, TCEHY and EGHT made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 5, 2024.
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Weibo Corporation (WB) Q3 2024 Earnings Call Transcript
Weibo Corporation (NASDAQ:WB ) Q3 2024 Earnings Conference Call November 19, 2024 6:00 AM ET Company Participants Sandra Zhang - Investor Relations Gaofei Wang - Chief Executive Officer Fei Cao - Chief Financial Officer Conference Call Participants Felix Liu - UBS Timothy Zhao - Goldman Sachs Miranda Zhuang - Bank of America Securities Operator Good day, and thank you for standing by. Welcome to Weibo Reports Third Quarter 2024 Financial Results.
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Here's What Key Metrics Tell Us About Weibo (WB) Q3 Earnings
The headline numbers for Weibo (WB) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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Insights Into Weibo (WB) Q3: Wall Street Projections for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for Weibo (WB), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
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Alibaba, Baidu, Weibo And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
U.S. stock futures were higher this morning, with the Dow futures gaining around 50 points on Tuesday.
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Weibo (WB) Moves 7.1% Higher: Will This Strength Last?
Weibo (WB) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
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Weibo: At Half Of Book Value, This Stock Could Easily Double
Weibo Corporation's market cap has dropped 95% since 2018, yet its book value has tripled, resulting in the stock trading at around half of book value. This low P/B ratio does not reflect low return on equity or poor asset quality, suggesting the stock is deeply undervalued. At 6x earnings and with an 11% dividend yield, investors are likely to generate strong returns unless Weibo's sales take a drastic decline.
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Weibo: No Growth Yet Still Undervalued
Weibo Corporation stock remains undervalued despite lack of investor interest. Value-added services revenues increased by 18% year-over-year, demonstrating resilience in a challenging Chinese economy. Weibo's focus on monetizing user engagement, creative partnerships, and potential for growth make it a solid long-term investment.
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Weibo Corporation (WB) Q2 2024 Earnings Call Transcript
Weibo Corporation (NASDAQ:WB ) Q2 2024 Earnings Conference Call August 22, 2024 7:00 AM ET Company Participants Sandra Zhang - Investor Relations Gaofei Wang - Chief Executive Officer Fei Cao - Chief Financial Officer Conference Call Participants Alicia Yap - Citigroup Operator Good day, and thank you for standing by. Welcome to the Weibo Report Second Quarter 2024 Financial Results Conference Call.
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Compared to Estimates, Weibo (WB) Q2 Earnings: A Look at Key Metrics
Although the revenue and EPS for Weibo (WB) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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Curious about Weibo (WB) Q2 Performance? Explore Wall Street Estimates for Key Metrics
Get a deeper insight into the potential performance of Weibo (WB) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
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Get Your Money Out of These 3 Social Media Stocks by 2025
The creation of social media has completely changed the way people live. People can text, call, and even Facetime friends and families from the other side of the world within a second.
investorplace.com
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3 Sorry Social Media Stocks to Sell in May While You Still Can
Social media stocks to sell aren't just a passing thought anymore. Over the past few years, we've seen how social media has played second-fiddle to other cutting-edge technologies in the investing world.
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Weibo Corporation (WB) Q1 2024 Earnings Call Transcript
Weibo Corporation (NASDAQ:WB ) Q1 2024 Results Conference Call May 23, 2024 7:00 AM ET Company Participants Sandra Zhang - Investor Relations Gaofei Wang - CEO & Director Fei Cao - Chief Financial Officer Conference Call Participants Felix Liu - UBS Daisy Chen - Haitong International Operator Good day, and thank you for standing by. Welcome to the Weibo Reports First Quarter 2024 Financial Results.
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Weibo (WB) Reports Q1 Earnings: What Key Metrics Have to Say
The headline numbers for Weibo (WB) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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Head to Head Comparison: Dada Nexus (NASDAQ:DADA) versus Weibo (NASDAQ:WB)
Weibo (NASDAQ:WB – Get Free Report) and Dada Nexus (NASDAQ:DADA – Get Free Report) are both computer and technology companies, but which is the better stock? We will contrast the two companies based on the strength of their analyst recommendations, institutional ownership, valuation, profitability, risk, earnings and dividends. Profitability This table compares Weibo and Dada Nexus’ net margins, return on equity and return on assets. Net Margins Return on Equity Return on Assets Weibo 19.47% 10.77% 5.11% Dada Nexus -22.77% -14.03% -10.95% Institutional & Insider Ownership 68.8% of Weibo shares are held by institutional investors. Comparatively, 59.3% of Dada Nexus shares are held by institutional investors. 41.3% of Weibo shares are held by insiders. Comparatively, 8.5% of Dada Nexus shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth. Volatility and Risk Weibo has a beta of 0.4, indicating that its share price is 60% less volatile than the S&P 500. Comparatively, Dada Nexus has a beta of 1.46, indicating that its share price is 46% more volatile than the S&P 500. Analyst Recommendations This is a breakdown of recent ratings and recommmendations for Weibo and Dada Nexus, as reported by MarketBeat.com. Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Weibo 2 3 2 0 2.00 Dada Nexus 1 4 2 0 2.14 Weibo currently has a consensus price target of $11.65, suggesting a potential upside of 20.60%. Dada Nexus has a consensus price target of $3.83, suggesting a potential upside of 98.45%. Given Dada Nexus’ stronger consensus rating and higher possible upside, analysts clearly believe Dada Nexus is more favorable than Weibo. Valuation and Earnings This table compares Weibo and Dada Nexus’ revenue, earnings per share (EPS) and valuation. Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Weibo $1.76 billion 1.29 $342.60 million $1.42 6.80 Dada Nexus $1.49 billion 0.34 -$275.71 million ($1.28) -1.51 Weibo has higher revenue and earnings than Dada Nexus. Dada Nexus is trading at a lower price-to-earnings ratio than Weibo, indicating that it is currently the more affordable of the two stocks. Summary Weibo beats Dada Nexus on 10 of the 13 factors compared between the two stocks. About Weibo (Get Free Report) Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover content in the People's Republic of China. It operates in two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform. It also provides advertising and marketing solutions, such as social display advertisements; and promoted marketing offerings, such as Fans Headline and Weibo Express promoted feeds, as well as promoted trends and search products that appear alongside user's trends discovery and search behaviors. In addition, the company offers products, such as trends, search, video/live streaming, and editing tools; content customization, copyright contents pooling, and user interaction development; and search list recommendation, trends list recommendation, and Weibo app opening advertisements. Further, it provides back-end management, traffic support, and product solutions to MCNs, unions, and e-commerce partners; open application platform for other app developers that allows users to log into third-party applications with their Weibo account for sharing third-party content on its platform; and Weibo Wallet, a product that enables platform partners to conduct interest generation activities on Weibo, such as handing out red envelops and coupons. The company was formerly known as T.CN Corporation and changed its name to Weibo Corporation in 2012. The company was founded in 2009 and is headquartered in Beijing, China. Weibo Corporation operates as a subsidiary of Sina Corporation. About Dada Nexus (Get Free Report) Dada Nexus Limited operates a platform of local on-demand retail and delivery in the People's Republic of China. It operates Dada Now, a local on-demand delivery platform that provides intra-city delivery and last-mile delivery services on an on-demand basis to chain merchants, small- and medium-sized enterprise merchants, and individual senders; and JDDJ, a local on-demand retail platforms for consumers, retailers, and brand owners. The company was incorporated in 2014 and is headquartered in Shanghai, China.
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The 3 Most Overlooked Stocks Set for a Triple-Digit Comeback
Hidden treasures sometimes go overlooked in the busy world of financial markets. Here, attention is frequently drawn to the names with the most sparkle.
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Deeply Undervalued Weibo Stock Is Ripe for a Reversal
Weibo NASDAQ: WB stock is deeply undervalued and ripe for a reversal. The stock is trading at only 5x its earnings, the lowest among China's social media operators, and analysts see nothing but upside.
marketbeat.com
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Weibo Corporation (WB) Q4 2023 Earnings Call Transcript
Weibo Corporation (WB) Q4 2023 Earnings Call Transcript
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Here's What Key Metrics Tell Us About Weibo Corporation (WB) Q4 Earnings
While the top- and bottom-line numbers for Weibo Corporation (WB) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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Weibo Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results and Dividend
BEIJING , March 14, 2024 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (NASDAQ: WB and HKEX: 9898), a leading social media in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023. "In 2023, we further improved our product's competitiveness and operating efficiency," said Gaofei Wang, CEO of Weibo.
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Warner Bros. Discovery Hammered By Investors
Investors have punished Warner Bros. Discovery (NASDAQ: WB), the conglomerate put together by merging the assets of Discovery and AT&T's Warner operations.
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Weibo Corporation to Report Fourth Quarter and Fiscal Year 2023 Financial Results on March 14, 2024
BEIJING , Feb. 27, 2024 /PRNewswire/ -- Weibo Corporation (NASDAQ: WB and HKEX: 9898), a leading social media for people to create, share and discover content, will announce its unaudited financial results for the fourth quarter and fiscal year 2023 before the U.S. market opens on Thursday, March 14, 2024. Following the announcement, Weibo's management team will host a conference call from 7 AM – 8 AM Eastern Time on March 14, 2024 (or 7 PM – 8 PM Beijing Time on March 14, 2024) to present an overview of the Company's financial performance and business operations.
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Exit Now! 3 Social Media Stocks to Sell in February 2024
Social media stocks can come and go just as fast as the memes their platforms support. While the early days of social media stocks provided potential for huge growth akin to the dot-com bubble, many of these publicly traded companies are now faltering thanks to expanded regulatory action, increased competition and dwindling customer demand.
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Weibo Offers A Low-Risk, High-Uncertainty Bet
Weibo is an undervalued, dominant player in the Chinese social media market that happens to be a low-risk, high-uncertainty bet at current prices. The company can leverage AI and its vast amount of data to improve content and retain its KOLs. Weibo's CEO has successfully increased revenue and user base, but regulatory risks in China pose a potential challenge.
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3 Sorry Social Media Stocks to Sell in February While You Still Can
The Senate Judiciary Committee's recent hearing has intensified the scrutiny on social media giants, including Meta Platforms (NASDAQ: META ) and TikTok, painting a grim reality of the platforms' impacts on youth. As the legislative hammer looms with potential regulations, the sentiment to dispose of social media stocks to sell grows.
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Weibo: It's Hard To Slay A Social Media Giant
Weibo stock hits an all-time low after a BofA Securities downgrade, making it worth a look for value hunters. Basic thesis: Twitter-equivalent of China trading for sub-6 P/E with cash-rich balance sheet and huge investment portfolio relative to market cap. Risks: revenue headwinds from underperforming ad verticals, related party risks with parent company Sina Corp, and potential chilling effects from China's "real name" rule.
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Weibo shares decline following $300M convertible senior notes offering
Weibo Corporation, a major player in Chinese social media, saw it American-listed shares drop nearly 11% in the wake of its recent announcement of a $300 million convertible senior notes offering. The move to secure additional capital has triggered concerns among investors, leading to a sell-off in Weibo's shares.
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Weibo Corporation Prices Offering of American Depositary Shares in connection with the Delta Placement of Borrowed ADSs
BEIJING , Nov. 30, 2023 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (Nasdaq: WB; HKEX: 9898), a leading social media in China, today announced the pricing of a previously announced offering of 6,233,785 American Depositary Shares ("ADSs"), each currently representing one Class A ordinary share of Weibo, par value US$0.00025 per share (the "ADS Offering"), which the Company will lend (the "Borrowed ADSs") to an affiliate of the underwriter in the ADS Offering (such affiliate, the "ADS Borrower") pursuant to an ADS lending agreement with the ADS Borrower (the "ADS Lending Agreement"). Concurrently with the ADS Offering, the Company priced the offering (the "Notes Offering") of convertible senior notes in an aggregate principal amount of US$300 million due 2030 (the "Notes") pursuant to Rule 144A of the Securities Act of 1933, as amended.
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Weibo Corporation Prices Offering of US$300 Million Convertible Senior Notes
BEIJING, Nov. 30, 2023 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (Nasdaq: WB; HKEX: 9898), a leading social media in China, today announced the pricing of its previously announced offering (the "Notes Offering") of convertible senior notes in aggregate principal amount of US$300 million due 2030 (the "Notes"). The Notes have been offered to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A under the Securities Act of 1933, as amended (the "Securities Act").
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Weibo Corporation Announces Proposed Offering of American Depositary Shares in connection with the Delta Placement of Borrowed ADSs
BEIJING , Nov. 29, 2023 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (Nasdaq: WB; HKEX: 9898), a leading social media in China, today announced the commencement of the offering of American Depositary Shares ("ADSs"), each currently representing one Class A ordinary share of Weibo, par value US$0.00025 per share (the "ADS Offering"), which the Company intends to loan (such loaned ADSs, the "Borrowed ADSs") to an affiliate of the underwriter in the ADS Offering (such affiliate, the "ADS Borrower") pursuant to an ADS lending agreement with the ADS Borrower (the "ADS Lending Agreement"). Concurrently with the ADS Offering, the Company announced the offering (the "Notes Offering") of convertible senior notes in an aggregate principal amount of US$300 million due 2030 (the "Notes") pursuant to Rule 144A of the Securities Act of 1933, as amended.
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Weibo Corporation Announces Proposed Offering of US$300 Million Convertible Senior Notes
BEIJING , Nov. 29, 2023 /PRNewswire/ -- Weibo Corporation ("Weibo" or the "Company") (Nasdaq: WB; HKEX: 9898), a leading social media in China, today announced a proposed offering (the "Notes Offering") of convertible senior notes in an aggregate principal amount of US$300 million due 2030 (the "Notes"), subject to market conditions and other factors. The Company intends to grant the initial purchaser in the Notes Offering an option, exercisable within a 30-day period, beginning on and including the date of the Notes Offering, to purchase up to an additional US$30 million in aggregate principal amount of the Notes.
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S. Korea's T1, Weibo Gaming of China clash in League of Legends final
South Korean powerhouse T1 take on China's Weibo Gaming in the League of Legends world final in Seoul on Sunday, aiming for a record fourth win in an event widely known as the Super Bowl of e-sports.
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Weibo Corporation (WB) Reports Q3 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Weibo Corporation (WB) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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WB vs. ABNB: Which Stock Is the Better Value Option?
Investors interested in stocks from the Internet - Content sector have probably already heard of Weibo Corporation (WB) and Airbnb, Inc. (ABNB). But which of these two companies is the best option for those looking for undervalued stocks?
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Wall Street Analysts Think Weibo Corporation (WB) Could Surge 54.47%: Read This Before Placing a Bet
The mean of analysts' price targets for Weibo Corporation (WB) points to a 54.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
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CEO of China's Weibo tests new real-name policy on his own account
The chief executive of China's Weibo on Friday confirmed that China may start denying anonymity to online commentators on politics and finance by requiring them to display their names on their accounts, telling users the policy was incoming.
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7 Stocks to Buy Based on Unusual Options Activity
As you become more sophisticated in your investing journey, you'll want to pay closer attention to unusual options activity stocks. To briefly explain, options represent a contract that gives the holder the right – but not the obligation – to buy or sell the underlying security (or asset) at the specified strike price on or before the listed expiration date.
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Weibo Corporation (WB) Q2 2023 Earnings Call Transcript
Weibo Corporation (NASDAQ:WB ) Q2 2023 Earnings Conference Call August 24, 2023 7:00 AM ET Company Participants Sandra Zhang - Investor Relations Gaofei Wang - Chief Executive Officer Fei Cao - Chief Financial Officer Conference Call Participants Timothy Zhao - Goldman Sachs Miranda Zhuang - Bank of America Securities Daisy Chen - Haitong International Operator Good day and thank you for standing by. Welcome to the Weibo Report Second Quarter 2023 Financial Results Conference Call.
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Weibo stock falls as Chinese social media giant posts mixed 2Q earnings report
Weibo Corporation has posted second-quarter financials that beat estimates on earnings but missed the mark on revenue, sending its shares lower in Thursday premarket trading. The Chinese social media company, known for the microblogging website Sina Weibo, reported a 2% decrease in net revenues to US$440.2 million for the three months to June 30, 2023, below analysts' consensus of US$441 million.
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Quotes - U.S. bank stocks slide after Moody's ratings downgrade
U.S. bank shares slid on Tuesday after Moody's downgraded several small to mid-sized banks and said it may revise the credit ratings of some of the nation's biggest lenders, sparking concerns about the health of the lenders.
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Burry's Contrarian Move: Betting on China
Michael Burry (Trades, Portfolio)'s recent investment in Alibaba Group Holdings Ltd. ( BABA , Financial) and JD.com Inc. ( JD , Financial) has caught the attention of market observers, given the current sentiment toward Chinese stocks.
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Warner Bros. Games Announces Mortal Kombat 1
BURBANK, Calif.--(BUSINESS WIRE)--Warner Bros. Games today announced Mortal Kombat 1, a brand-new title in the acclaimed Mortal Kombat videogame franchise that has sold more than 80 million units since its debut over 30 years ago. Developed by award-winning NetherRealm Studios, the upcoming game will introduce a reborn Mortal Kombat Universe that has been created by the Fire God Liu Kang, featuring reimagined versions of iconic characters as they’ve never been seen before. Mortal Kombat 1 is scheduled to release on Sept. 19, 2023, for PlayStation®5 (PS5™), Xbox Series X|S, Nintendo Switch™, and PC. The Mortal Kombat 1 Official Reveal Trailer can be viewed and shared here: https://go.wbgames.com/MK1-Reveal-Trailer To download the Mortal Kombat 1 Official Reveal assets, visit: https://go.wbgames.com/MK1-Reveal-Assets NetherRealm’s genre-defining Story Mode returns with an immersive cinematic narrative featuring unexpected twists on classic rivalries and original backstories for a wide-ranging cast of legendary fighters, including Liu Kang, Scorpion, Sub-Zero, Raiden, Kung Lao, Kitana, Mileena, Shang Tsung, Johnny Cage, and many others. Mortal Kombat 1 will also introduce Kameo Fighters, a unique roster of partner characters that can assist during matches, creating expanded gameplay possibilities for players. “With Mortal Kombat 1 we are bringing a reimagined universe to the legendary franchise which has captivated gamers for more than 30 years and continues to top itself,” said David Haddad, President, Warner Bros. Games. “The talented team at NetherRealm Studios continues to push the series forward in bold ways that have consistently expanded the global audience, and we believe Mortal Kombat 1 will continue to attract new players as well as thrill our core fans.” “Mortal Kombat 1 marks a new beginning for the franchise and we couldn’t be more excited to share this original storyline and fresh take on classic characters with our fans,” said Ed Boon, Chief Creative Officer, NetherRealm Studios and Co-Creator of Mortal Kombat. “We’re also introducing our Kameo Fighter system which brings a unique roster of partner characters into the mix, and we are looking forward to showing this feature as well as more new elements of the game very soon.” Starting tomorrow, May 19, Mortal Kombat 1 will be available for pre-order on all launch platforms*, including: Mortal Kombat 1 Standard Edition will be available physically and digitally for $69.99 (SRP) on PlayStation 5, Xbox Series X|S, Nintendo Switch, and PC, including Steam and Epic Games Store. Mortal Kombat 1 Premium Edition will be available physically and digitally for $109.99 (SRP) on PlayStation 5, Xbox Series X|S, Nintendo Switch, and PC (Steam and Epic Games Store) and will include all Standard Edition content, along with the Kombat Pack, early access to the game beginning Sept. 14, and 1,250 Dragon Krystals (in-game currency). The Kombat Pack will feature a Johnny Cage character skin with the likeness of famed actor and martial artist, Jean-Claude Van Damme (available at launch), early access to six new playable characters (available post-launch), and five new Kameo Fighters (available post-launch). Mortal Kombat 1 Kollector’s Edition will be available physically at select retailers for $249.99 (SRP) on PlayStation 5 and Xbox Series X|S only and will include all Premium Edition content, and early access, along with a 16.5-inch Liu Kang sculpture designed by COARSE and an inspired Liu Kang in-game character skin, three exclusive art prints, a steel case, and 1,450 additional Dragon Krystals (2,700 total). All Mortal Kombat 1 pre-orders will receive Shang Tsung as an in-game playable character, and those who pre-order the game for PlayStation 5 or Xbox Series X|S will also receive access to the Mortal Kombat 1 Beta, which will be available in August 2023. To learn more about Mortal Kombat 1, please visit MortalKombat.com or join the community conversation on Instagram (@MortalKombat), TikTok (@MortalKombat), Twitter (@MortalKombat), Twitch (NetherRealm), YouTube (Mortal Kombat), Facebook (MortalKombat), Discord (MortalKombat), or Reddit (MortalKombat). About Warner Bros. Games Warner Bros. Games, a division of Warner Bros. Home Entertainment, Inc., is a premier worldwide publisher, developer, licensor and distributor of entertainment content for the interactive space across all platforms, including console, handheld, mobile and PC-based gaming for both internal and third-party game titles. Additional information can be found at WBGames.com. About NetherRealm Studios NetherRealm Studios is a leader in the development of interactive entertainment, and the creator of the billion-dollar Mortal Kombat franchise. Mortal Kombat has spawned two theatrical films, multiple television series, and has sold more than 80 million games to date. Located in Chicago, Illinois, the award-winning NetherRealm team has been working and creating games together since 1992. Additional information about NetherRealm Studios can be found at NetherRealm.com. Mortal Kombat 1© 2023 Warner Bros. Entertainment Inc. Developed by NetherRealm. All other trademarks and copyrights are the property of their respective owners. All rights reserved. Mortal Kombat, the dragon logo, NetherRealm Studios, NetherRealm logo and all related characters and elements are trademarks of © Warner Bros. Entertainment Inc. WARNER BROS. GAMES LOGO, WB SHIELD: ™ & © Warner Bros. Entertainment Inc. (s23) *Timing for pre-order availability may vary by region and retailer. Please inquire with local retailers for details. *** These videos/trailers may only be displayed if it is behind an age-gate that: (1) is age-neutral (i.e., requires the user to input their date of birth or select it from a drop-down bar); (2) employs reasonable technical measures to keep underage users from re-entering their age after initially being denied access; and (3) does not display any ESRB rating information on the trailer player or the age-gate itself. Failure to implement these requirements may jeopardize your ability to obtain material of this nature from us in the future. ***
businesswire.com
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WB vs. RELX: Which Stock Should Value Investors Buy Now?
Investors interested in stocks from the Internet - Content sector have probably already heard of Weibo Corporation (WB) and RELX PLC (RELX). But which of these two stocks offers value investors a better bang for their buck right now?
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WB or SSTK: Which Is the Better Value Stock Right Now?
Investors interested in stocks from the Internet - Content sector have probably already heard of Weibo Corporation (WB) and Shutterstock (SSTK). But which of these two companies is the best option for those looking for undervalued stocks?
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Snowflake Launches Manufacturing Data Cloud to Improve Supply Chain Performance and Power Smart Manufacturing
No-Headquarters/BOZEMAN, Mont.--(BUSINESS WIRE)--Snowflake (NYSE: SNOW), the Data Cloud company, today announced the launch of the Manufacturing Data Cloud, which enables companies in automotive, technology, energy, and industrial sectors to unlock the value of their critical siloed industrial data by leveraging Snowflake’s data platform, Snowflake- and partner-delivered solutions, and industry-specific datasets. The Manufacturing Data Cloud empowers manufacturers to collaborate with partners, suppliers, and customers in a secure and scalable way, driving greater agility and visibility across the entire value chain. With Snowflake’s Manufacturing Data Cloud, organizations can build a data foundation for their business, improve supply chain performance, and power smart manufacturing initiatives in today's digital-industrial world. Manufacturers face an increasingly complex and competitive landscape, where supply chain performance and factory efficiency are critical to success. Fragility has been exposed in supply chains and digitization continues to be a massive opportunity to drive visibility into the supply chain and factory floor. As manufacturers look to address these issues, their efforts around modernization and resiliency require data and a willingness to embrace industry 4.0 initiatives, in which data is collected from sensor networks and smart machines and filtered through artificial intelligence (AI) and machine learning (ML). Traditionally, these data sets, which encompass both operational technology (OT) and information technology (IT) data, have been siloed and difficult to access and integrate. The Snowflake Manufacturing Data Cloud enables manufacturers to address these industry challenges by: Building a data foundation: The Snowflake Manufacturing Data Cloud offers a single, fully-managed, secure platform for multi-cloud data consolidation with unified governance and elastic performance that supports virtually any scale of storage, compute, and users. It allows manufacturers to break down data silos by ingesting both IT and OT data and analyzing it alongside third-party partner data. Improving supply chain performance: Enable seamless data sharing and collaboration with partners for downstream and upstream visibility across an organization’s entire supply chain, coupling its own data with data from third-party partners and data from Snowflake Marketplace. By leveraging this data with SQL and Snowpark, Snowflake’s developer framework for Python, Java, and Scala, different teams can collaborate on the same data and build AI and ML models with confidence to forecast demand and enable critical use cases like supply chain control tower and spend analytics. Powering smart manufacturing: Native support for semi-structured, structured, and unstructured high-volume Internet of Things (IoT) data in Snowflake enables manufacturers to keep operations running remotely by streamlining operations within and across manufacturing plants, while also leveraging shop floor data in near real-time to predict maintenance needs, analyze cycle time, improve product yield and quality, and meet sustainability goals. Leveraging industry leading network of manufacturing partners: Take advantage of a rich partner ecosystem and industry-specific, prebuilt templates to drive innovation, reduce time to value, and build more valuable solutions. “Data has never been more critical as manufacturers embrace smart manufacturing initiatives and steer their companies into an increasingly digital-industrial world,” said Tim Long, Global Head of Manufacturing at Snowflake. “The Snowflake Manufacturing Data Cloud and our ecosystem of partners gives manufacturers and their suppliers access to the data, applications, and services needed to effectively manage end-to-end supply chains, create new shop floor efficiencies, and deliver better products and services to their customers.” Manufacturing Data Cloud Partner Solutions Within the Manufacturing Data Cloud, Snowflake’s ecosystem of manufacturing partners includes: Applications Powered by Snowflake, including ones developed by Blue Yonder, Elementum, and Avetta, give manufacturers the ability to manage their supply chain with control towers, data-driven workflows, and measure risk across third-party contractors and suppliers. Snowflake Marketplace partners, including FourKites, Yes Energy, and data provider S&P Global, enable live access to a variety of data sources leveraging Snowflake’s privacy-preserving collaboration technology, to analyze ESG, supply chain disruptions, and market forecasts. Consulting and service organizations including Deloitte, EY, LTIMindtree, and phData, offer pre-built solutions for top priority use cases, including integrating yield analysis, shop floor visibility, energy management, and supply chain visibility. Technology leaders, including Amazon Web Services (AWS), Fivetran, and Tableau, provide integrations and out-of-the-box solutions so customers can attain deeper insights and realize the full power and ease of use of the Manufacturing Data Cloud. Some of the largest, global manufacturing organizations are already using the Snowflake Manufacturing Data Cloud. Customer use cases include: ABB - The technology leader in electrification and automation is using Snowflake to unify all of its data, including incoming raw materials from suppliers, plant production capacity, and sales orders, to streamline manufacturing operations and meet customer demand. EDF - The energy supplier for homes and businesses across the UK used Snowflake and its Snowpark Python development framework to build a complete machine learning operation solution in a few months, and deliver data products that lead to higher customer satisfaction and retention. Molex - A leading manufacturer of connectors, is using the Snowflake Manufacturing Data Cloud to fuel their digital transformation journey, including sharing data securely across the organization and with external partners and generating manufacturing shop-floor and business KPIs. Scania - The truck, bus, and industrial engine manufacturer uses Snowflake to continuously stream data from 600,000 connected vehicles and Snowpark for Python to prepare data for machine learning, which gives the company a comprehensive view for monitoring vehicle performance and supporting Scania’s product-related services. Additional comments on the news “Snowflake’s Manufacturing Data Cloud has been crucial in helping ABB modernize and unlock the end-to-end business insights we need to become a more data-driven enterprise,” said Babu Kuttala, Chief Data and Analytics Officer of ABB. “With greater insights into available raw materials from vendors, factory capacity, and incoming sales orders, ABB has built a more resilient supply chain and factory floor and enabled us to better meet customer demand.” “A modern data platform with the Manufacturing Data Cloud has enabled our organization to spend less time wrestling with data management and governance,” said Rebecca Vickery, Data Science Lead, EDF. “With Snowflake, we’re focused on building models and generating insights to help power our general operations, which enables us to deliver data products and services that lead to higher customer satisfaction and retention, and help Britain achieve net zero.” “Snowflake’s Manufacturing Data Cloud has provided the data foundation we needed to unlock insights from the 150 million streaming messages we received from our fleet of 600,000 vehicles,” said Peter Alåsen, Product Owner, Scania. “With Snowflake, we've been able to reduce downtime for customers by recommending maintenance based on vehicle operation and workshop availability, while also increasing revenue-generating activities around service and with other digital or physical services.” Learn more Read more about Snowflake for Manufacturing and partner-tailored solutions for the manufacturing industry here. Register for Snowflake’s upcoming manufacturing webinar here. Visit Snowflake at Hannover Messe 2023 to learn more about Snowflake for Manufacturing and hear from top manufacturers already using Snowflake. Stay on top of the latest news and announcements from Snowflake on LinkedIn and Twitter. Forward-Looking Statements This press release contains express and implied forwarding-looking statements, including statements regarding Snowflake products, services, and technology offerings that are under development. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described under the heading “Risk Factors” and elsewhere in the Annual Reports on Form 10-K and the Quarterly Reports on Form 10-Q that Snowflake files with the Securities and Exchange Commission. In light of these risks, uncertainties, and assumptions, actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. As a result, you should not rely on any forwarding-looking statements as predictions of future events. About Snowflake Snowflake enables every organization to mobilize their data with Snowflake’s Data Cloud. Customers use the Data Cloud to unite siloed data, discover and securely share data, and execute diverse analytic workloads. Wherever data or users live, Snowflake delivers a single data experience that spans multiple clouds and geographies. Thousands of customers across many industries, including 573 of the 2022 Forbes Global 2000 (G2K) as of January 31, 2023, use Snowflake Data Cloud to power their businesses. Learn more at snowflake.com.
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Uniform Releases First Comprehensive CMS Comparison Guide, Analyzing 15 Providers and How To Choose the Right One
SAN FRANCISCO--(BUSINESS WIRE)--Uniform, the leading provider in the emerging software category of digital experience composition platforms (DXCP), has launched an in-depth report to help brands find the right content management system (CMS) for their website and digital content execution. The CMS Comparison Guide is the result of Uniform’s unique perspective working not as a CMS but as a key partner to many CMS providers. Uniform is building a category around the reality that organizations often struggle to manage their ever-multiplying tools and content sources. A solution like Uniform, which understands the pivotal role a CMS plays in the tech stack, can unify those tools and unlock the value of their content for creating dynamic experiences across websites, mobile devices, IoTs, etc. Anchoring the guide is a side-by-side comparison of 15 vendors, along with a summary of each vendor, covering how they work, integrate, and build out digital content programs. The report also supplies insights into the rise of headless technology and how it impacts the choice of a CMS. The 15 vendors analyzed in the first-of-its-kind guide include three monolithic CMSes and a dozen headless, composable CMS providers. The guide gauges strengths and weaknesses in areas like content modeling, integration, workflow, and more. Featured companies include Adobe Experience Manager, Contentful, Contentstack, Sanity, Sitecore Experience Manager, Strapi, and more. Statista reports that nearly two billion consumers shop online, and nearly 60% of all web traffic occurs on a mobile device. The need for engaging, omnichannel content is accelerating. Large enterprise companies are seeking a CMS that can deliver modern experiences such as VR, hyper-personalization, video, and more. “The CMS field is getting increasingly crowded, making it difficult for brands across industries to identify a partner and know where to start,” said Darren Guarnaccia, president, Uniform. “Our guide helps you cut through the noise, as our team has decades of experience working with and for CMS providers. Our platform further assists companies by preventing them from getting locked into a single vendor, fueling more innovation, and eliminating content management pain points.” Download the comparison guide here and contact us to find out how Uniform DXCP empowers marketers and developers alike to build and manage consumer-oriented, open, and modern web experiences. In addition, we invite you to join the CMSWire webinar It’s not me, it’s you, CMS at 9 a.m. PT/12 noon ET on Wednesday, March 22, hosted by leading CX expert Mark Demeny. On the agenda is an evaluation of new CMS vendors, guidelines for choosing the right CMS for your business, and tips on minimizing the risk of changes. Register today to secure your spot. About Uniform Uniform DXCP speeds up time to value for composable-experience architecture, lowers development costs, and makes it easy for business users to build digital experiences. A composable orchestration layer for legacy systems and headless APIs in Uniform DXCP eliminates the need for complex custom integration code, which delivers no business value. Instead, available for marketers, merchandisers, and other business users are no-code tools with which to build digital experiences with content from any source—without submitting developer tickets. Furthermore, Uniform DXCP’s high-performance personalization capability, delivered at the edge, raises conversion and CX for all channels. Learn more at uniform.dev and follow us on LinkedIn and Twitter.
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Mansion Sound Proudly Welcomes Multi-Platinum Producer-Songwriter Christopher Omartian as Senior Producer
BRANSON, Mo.--(BUSINESS WIRE)--Mansion Sound, part of the globally award-winning Mansion Entertainment Group, announced this morning the newest addition to the Mansion Sound family, Christopher Omartian. Christopher Omartian is a multi-platinum selling producer/songwriter who started out on the road playing drums for Donna Summer and songwriting for Pamplin Music and EMI Publishing, before founding VZN Entertainment. Collaborating with companies like Universal, Warner, and Dreamworks, Christopher has spent the majority of his 20-year career producing records in various genres. He has worked with artists affiliated with Disney and Hollywood Records, and contributed music to movies such as Lizzie McGuire and Camp Rock 2. His music has been placed in a wide variety of television shows including MTV's The Hills, Friday Night Lights on NBC, All My Children (ABC), and Dawson's Creek on the WB. Christopher's work can also be found in several popular video games including Rock Band 2 and Dance Dance Revolution. Christopher frequently writes and produces material used by Fox Sports, the NFL Network, ESPN, and the Speed Network. His work has been featured in ESPN's College Gameday, Sunday Night Football on NBC, NFL Total Access (NFLN), and the 2010 Vancouver Olympic Games. Christopher has also had running themes on Thursday Night Football (NFLN) and NHL on FOX (FSN). Mansion Sound has been recognized as one of the finest singular audio studios world-wide focusing upon exceptional quality within film, television, music and digital audio post/Dolby Atmos as defined in a recent issue of MIX MAGAZINE: https://www.mixonline.com/recording/facilities/cover-story-the-bigger-bolder-mansion-sound mansionsound.com
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Weibo Corporation (WB) Q4 2022 Earnings Call Transcript
Weibo Corporation (NASDAQ:WB ) Q4 2022 Earnings Conference Call March 1, 2023 6:00 AM ET Company Participants Sandra Zhang - IR Gaofei Wang - Chief Executive Officer Fei Cao - Chief Financial Officer Conference Call Participants Timothy Zhao - Goldman Sachs Felix Liu - UBS Xueqing Zhang - CICC Operator Good day, and thank you for standing by. Welcome to Weibo Fourth Quarter and Fiscal Year 2022 Financial Results Conference Call.
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Six Flags Unveils Thrilling New Rides and Refreshing Water Attractions for Summer Fun!
ARLINGTON, Texas--(BUSINESS WIRE)--Six Flags Entertainment Corporation, the world’s largest regional theme park company and the largest operator of water parks in North America, today announced an expansive lineup of coasters, family rides, water attractions, and fun-filled experiences and events for the 2023 season. “These new attractions are an exciting opportunity to ramp up the joy of our parks to a whole new level. We can't wait to share these fun and thrilling experiences with our guests, giving them reasons to visit us multiple times per year,” said Six Flags CEO, Selim Bassoul. “We look forward to welcoming everyone to explore our parks, discover something fresh and exciting, and create new memories with their families!” For 2023, Six Flags is introducing an incredible selection of thrilling new attractions: Six Flags Great Adventure, the World’s Ultimate Thrill Park, introduces Splash Island, a brand-new area for our young thrill seekers. The area will include a tree house play structure and fourteen new kids’ slides in Hurricane Harbor. This amazing tree house will be packed with 50+ exciting play features, from mini slides and curtain waterfalls to the grand finale: an enormous water bucket ready to drench those daring enough to take the plunge. Six Flags Fiesta Texas, the Thrill Capital of South Texas, and Six Flags Over Georgia, the Thrill Capital of the South, debut the world’s first single-rail racing coasters, KID FLASH™ Cosmic Coaster. These roller coasters have a unique single-rail track and a comfortable seating design for adults and children alike, with tracks that cross over and under each other multiple times throughout the ride. Six Flags Fiesta Texas also debuts ESIX Gaming, a 5,000 square foot, state-of-the-art esports arena and campus with 50 custom built gaming PC stations, five console stations with the newest next-generation consoles, a live esports tournaments event stage, and much more. Six Flags Hurricane Harbor San Antonio at Six Flags Fiesta Texas unveil a thrilling water park expansion, including a collection of 11 individual water slides and raft rides for younger guests. Six Flags White Water, the Southeast’s Largest Water Park, debuts Caribbean Cove, a new interactive water play complex with four water slides and more than 25 interactive water features. Six Flags Discovery Kingdom, the Thrill Capital of Northern California, brings thrills from the animal world to its guests. The Rainforest Trail will transport guests to a lush tropical environment where they will encounter free-flying butterflies, colorful fish, a sloth, and other exotic wildlife. More animal adventures will await guests at the new Shark Experience, featuring state-of-the-art audio and visual enhancements. The experience includes interactive education opportunities that compliment a walk-through underwater tunnel and floor-to-ceiling windows that provide views of the 300,000 gallon exhibit with a variety of shark species, exotic fish and stingrays from around the world. Six Flags Mexico, the undisputed Thrill Capital of Latin America, and Hurricane Harbor Oaxtepec bring home exciting new events this year. Colorful experiences arrive with Héroes y Villanos Fest; live music and sunlight will cover the water park at Music & Party Fest; and guests will be immersed into the virtual world at Gaming & Coaster Fest. But the fun does not stop there! Our brand-new Fun Walks will give our guests more time to enjoy delicious food and thrilling attractions after the parks close. Six Flags Over Texas, the Thrill Capital of Texas, debuts AQUAMAN™: Power Wave, a revolutionary water coaster and the first of its kind in North America. Riders are launched backward and forward, traveling on more than 2,000 feet of track up two 150-foot towers. After a 90° facedown hold, it then plunges them straight down at 63 miles per hour. This ultimate experience ends with a massive final plunge through a giant wave of water. AQUAMAN: Power Wave is the park’s 14th coaster. Six Flags New England, the Thrill Capital of New England, showcases the latest in animatronic technology with Dino Off Road Adventure. Families can experience an unprecedented attraction that combines animatronic technology and modern ingenuity. Guests will embark on an off-road journey with life-sized dinosaurs, immersive environments, cutting-edge audio, interactive guides, and educational elements. Six Flags St. Louis, the Gateway to Thrills, premiers a twisting, turning, racing family coaster called Rookie Racer. Passengers take the wheel as they fly around the thrilling Formula 1-inspired coaster track. This wild ride consists of tight turns, daring drops and a huge loop, making it an exciting experience for daredevils of all ages. At all participating Six Flags parks, it’s not only Spring Break, it’s Scream Break! At this exclusive, spine-tingling after-hours event, guests can enjoy reduced wait times for some of the park's most thrilling rides and coasters, plus creepy haunted houses, frightening entertainment, and much more! Six Flags is thrilled to share that there are a variety of new events taking place at participating Six Flags parks this year! From the thrilling “Scream Break” to the delectable “Flavors of the World,” guests are sure to find something they will enjoy. Plus, don’t miss the fantastic “Viva La Fiesta” and “Blues, Brews, and BBQ” celebrations! The 2nd annual Oktoberfest is an exciting and unique event that brings the authentic German spirit to life, featuring music, food, and entertainment, all while enjoying the thrills and rides of a Six Flags theme park. Get spooky at Six Flags’ newest Halloween family-by-day event, Kids Boo Fest. There’s plenty of fun with captivating decorations, trick-or-treat trails, costume contests, pumpkin decorating, and spooktacular daytime shows. Fright Fest is the ultimate Halloween experience, featuring thrilling rides, over 50 spooky shows, and 150+ eerie mazes and haunted houses. Get ready for a night of screams and scares at Six Flags Fright Fest! Holiday in the Park is an event like no other, the perfect way to get into the holiday spirit. This season, make the most of the holiday with this unforgettable experience and enjoy the spectacular lights, exhilarating rides, festive shows, and holiday treats. Come make memories that will last a lifetime! Six Flags offers a three-tiered Season Pass Program focused on maximizing the value and experience for guests. The Gold Season Pass is perfect for frequent visits to the theme park through Labor Day. The Platinum Season Pass is ideal for live-on-the-edge thrills all season including Hurricane Harbor or White Water water parks, Fright Fest, and Holiday in the Park (at participating parks). The Diamond Season Pass provides the best value including all the advantages of a Platinum Season Pass plus greater discounts and admission to all Six Flags parks. For more information on these best offers, visit www.sixflags.com. About Six Flags Entertainment Corporation Six Flags Entertainment Corporation is the world’s largest regional theme park company and the largest operator of water parks in North America, with 27 parks across the United States, Mexico, and Canada. For 62 years, Six Flags has entertained millions of families with world-class coasters, themed rides, thrilling water parks, and unique attractions. Six Flags is committed to creating an inclusive environment that fully embraces the diversity of our team members and guests. For more information, visit www.sixflags.com. About Warner Bros. Discovery Global Themed Entertainment: Warner Bros. Discovery Global Themed Entertainment (WBDGTE), part of Warner Bros. Discovery Global Brands and Experiences, is a worldwide leader in the creation, development, and licensing of location-based entertainment, live events, exhibits, and theme park experiences based on the biggest franchises, stories, and characters from Warner Bros.’ film, television, animation, and games studios, HBO, Discovery, DC, Cartoon Network and more. WBDGTE is home to the ground-breaking locations of The Wizarding World of Harry Potter at Universal theme parks around the world, Warner Bros. World Abu Dhabi, The WB Abu Dhabi, The FRIENDS Experience, The Game of Thrones Studio Tour, and countless other experiences inspired by the Wizarding World, DC, Looney Tunes, Scooby-Doo, Game of Thrones, FRIENDS and more. With best-in-class partners, WBDGTE allows fans around the world to physically immerse themselves inside their favorite brands and franchises. DC, part of Warner Bros. Discovery, creates iconic characters and enduring stories and is one of the world’s largest publishers of comics and graphic novels. DC’s creative work entertains audiences of every generation around the world with DC’s stories and characters integrated across Warner Bros. Discovery’s film, television, animation, consumer products, home entertainment, games, and themed experiences divisions, and on the DC Universe Infinite digital comic subscription service. Learn more at DC.com. THE FLASH and all related characters and elements © & ™ DC and Warner Bros. Entertainment, Inc. (s23)
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Is a Surprise Coming for Weibo (WB) This Earnings Season?
Weibo (WB) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
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2022 Insights on the Industrial Wood Coatings Market in China - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Industrial Wood Coatings - China - 2022" report has been added to ResearchAndMarkets.com's offering. These in-depth reports focus on the top country markets worldwide for industrial wood coatings and includes detailed key data points including market shares, product segments and prices/values. The reports provide, by country, consumption estimates in both volume and value for industrial wood coatings, with 2021 as the base year and forecasts to 2026. The information in the report is based on a comprehensive programme of interviews with key players in each country, backed up by thorough secondary research and the analyst's in-house database of global paints and coatings market data. Industrial Wood Coatings Market volumes in metric tonnes (2011-2026) Prices and market values in EUR, USD and local currency (2020 and 2021) Market shares by company in volume (2020 and 2021) Chemistry breakdown: Pure acrylic, alkyds, nitrocellulose, polyurethane, polyester, others (2011-2026) Technology breakdown: Water-based, solvent-based, powder, radiation-cured (2011-2026) End use: Furniture, joinery, parquet, outdoor structures (2011-2026) Functional layer breakdown: Pre-treatment, primer, intermediate, finishing (2011-2026) Value breakdown by: Chemistry, technology, end use and functional layer (2020 and 2021) Database Access Purchasers of the full regional report or at least 5 country volumes will automatically receive complementary access to the analyst's Database. Key Topics Covered: 1. CN Coatings Background 1.1 CN - Background - Overview 1.2 Key Figures 1.3 Macroeconomic Trends and Forecasts 1.3.1 Imp/Exp: SB Polyesters 1.3.2 Imp/Exp: SB Acrylics & Vinyls 1.3.4 Imp/Exp: SB Polymers 1.3.5 Imp/Exp: WB Acrylics & Vinyls 1.3.6 Imp/Exp: WB Polymers 1.3.7 Imp/Exp: Other Paints & Varnishes 2. Foreword - Industrial Wood Coatings 3. CN Industrial Wood Coatings Overview 3.1 New Dwelling Construction 3.2 Dwelling Stock 4. CN Industrial Wood Coatings 4.1 CN - Market Overview 4.2 Historical and Forecasts: Industrial Wood 4.3 Prices and Market Values 4.3.1 Prices and Values by Application System 4.3.2 Prices and Values by Resin Type 4.4 Detailed Prices: Water Based 4.5 Detailed Prices: Solvent Based 4.6 Detailed Prices: Radiation cured 4.7 Detailed Prices: Powder 4.8 Prices and Values by Type of Layer 4.9 Prices and Values by Sector 4.10 Application System: Historical and Forecasts 4.11 Resin Type: Historical and Forecasts 4.12 Water Based: Historical and Forecasts 4.13 Solvent Based: Historical and Forecasts 4.14 Radiation cured: Historical and Forecasts 4.15 Powder: Historical and Forecasts 4.16 Layer Type: Historical and Forecasts 4.17 Sector: Historical and Forecasts 4.18 Market Shares: Industrial Wood For more information about this report visit https://www.researchandmarkets.com/r/gvvqpb-wood?w=4 About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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Warner Bros. Games Launches Hogwarts Legacy
BURBANK, Calif.--(BUSINESS WIRE)--Warner Bros. Games today announced Hogwarts Legacy, the new open-world, single-player, action RPG (role-playing game), is now available for PlayStation®5 (PS5™), Xbox Series X|S and PC for the Digital Deluxe Edition with the physical Deluxe Edition and physical and digital Standard Editions launching on Feb. 10. Hogwarts Legacy invites players to embark on an epic journey as a fifth-year student at Hogwarts, gifted with a rare ability to tap into ancient, powerful magic. Guided by the Wizard's Field Guide and unique instruction from professors and other characters, fans will uncover a compelling storyline filled with thrilling challenges and mysteries. Developed by Avalanche Software and published by Warner Bros. Games under the Portkey Games label, Hogwarts Legacy introduces an original story that puts players at the center of their own Wizarding World adventure. To view and share the official Hogwarts Legacy – Launch Trailer, visit: Hogwarts Legacy Launch Trailer on YouTube To download official Hogwarts Legacy launch trailer, visit: Hogwarts Legacy Launch Trailer 1080 |4K "Hogwarts Legacy truly fulfills the fantasy of being a student at Hogwarts School of Witchcraft and Wizardry and delivers the Wizarding World game fans have been dreaming of for years,” said David Haddad, President, Warner Bros. Games. “The team at Avalanche has created an engaging game rich with mystery and immersive magic for fans and gamers to delve into and create their own magical stories.” “As fans of the Wizarding World, we’re honored to work with the franchise to create Hogwarts Legacy and provide fans a way to live out the fantasy of attending Hogwarts and exploring the world like never before,” said John Blackburn, Studio Head, Avalanche Software. “We hope players enjoy the attention to detail from our passionate team, the new narrative and all of the magical elements that went into making this game, which we are extremely proud of.” In Hogwarts Legacy, players join Hogwarts as a new fifth year student. At the onset of their adventure, players can customize their character’s appearance with a range of options to be the witch or wizard they want to be. They will join or be sorted into one of the four Hogwarts houses – Gryffindor, Hufflepuff, Ravenclaw or Slytherin -- meet up with housemates in their common rooms and attend classes such as Charms, Defence Against the Dark Arts, Herbology, and Potions where they will meet their professors, learn to cast spells, grow magical plants, brew potions and more. In addition to classes and spells, players will have access to a deep set of upgrades, talents and skills to aid their progression as a witch or wizard. They can complete challenges throughout the world as one opportunity to earn experience and level up their abilities. In between classes, players will be able to explore a fully realized Hogwarts Castle where they will attend classes, discover dungeons, secret passageways, and challenging puzzles. They will grow their character’s abilities while mastering powerful spells and hone combat skills to help them face off against deadly enemies. The open-world game allows players to freely roam Hogwarts Castle and the surrounding overland, including new and familiar Wizarding World locations like Hogsmeade and the Forbidden Forest. It is full of action-packed immersive magic where players fly broomsticks, tame and ride magical beasts, and battle against enemies such as trolls, spiders and dark wizards. Along the way, they will uncover an expansive world filled with perilous dangers tied to the Wizarding World’s long forgotten past and an unusual ability that only they possess. Players will also encounter missions and scenarios that will pose difficult choices and determine what they stand for. The Digital Deluxe Edition of Hogwarts Legacy launched today worldwide for PlayStation®5, Xbox Series X|S and PC which includes 72 hours of early access to the game as well as the Dark Arts Pack. The Dark Arts Pack provides access to an exclusive wardrobe via the Dark Arts Cosmetic Set, a flying Thestral Mount players can ride, and access to the Dark Arts Battle Arena where players can test their mastery of the Dark Arts against waves of challenging enemies. The physical Deluxe Edition and physical and digital Standard Editions launch on Feb. 10 for PlayStation®5, Xbox Series X|S and PC, on April 4 for PlayStation®4 and Xbox One, and on July 25 for Nintendo Switch. The Hogwarts Legacy Digital Deluxe Edition will be available for $79.99 (SRP) across all platforms and includes the Deluxe Edition content as well as the Dark Arts Garrison Hat for PlayStation®5, PlayStation®4, Xbox Series X|S and Xbox One consoles. The Hogwarts Legacy Deluxe Edition will be available for PlayStation®4, Xbox One, Nintendo Switch™ and PC for $69.99 (SRP) and for PlayStation®5 and Xbox Series X|S for $79.99 (SRP). The Hogwarts Legacy Standard Edition will be available for PlayStation®4, Xbox One, Nintendo Switch™ and PC for $59.99 (SRP) and for PlayStation®5 and Xbox Series X|S for $69.99 (SRP). Hogwarts Legacy is available now for pre-order via the PlayStation Store, Microsoft Store, Steam and Epic Games Store and available on PlayStation®5, PlayStation®4, Xbox Series X|S, Xbox One and PC. All players that pre-order will be able to obtain the exclusive Onyx Hippogriff Mount upon completing the relevant quest. Join the Hogwarts Legacy conversation on Facebook (https://facebook.com/HogwartsLegacy), Twitter (https://twitter.com/HogwartsLegacy), Instagram (https://instagram.com/HogwartsLegacy) and YouTube (https://youtube.com/HogwartsLegacy). Website: http://www.hogwartslegacy.com Tune in to the Hogwarts Legacy Early Release Q&A and Livestream on Feb. 7 at 8am PST / 4pm GMT and the Global Launch Livestream on Feb. 10 at 8am PST / 4pm GMT on Wizarding World’s TikTok and YouTube. All assets can be found on the Warner Bros. Games Press Site. To access, please visit WarnerBrosGames-Press.com and click the “Register” button. About Warner Bros. Games Warner Bros. Games, a division of Warner Bros. Home Entertainment, Inc., is a premier worldwide publisher, developer, licensor and distributor of entertainment content for the interactive space across all platforms, including console, handheld, mobile and PC-based gaming for both internal and third-party game titles. Additional information can be found at www.wbgames.com. About Portkey Games Portkey Games, from Warner Bros. Games, is the games label dedicated to creating new Wizarding World mobile and video game experiences that place the player at the center of their own adventure, inspired by J.K. Rowling’s original stories. Portkey Games offers players the opportunity to make their own narrative choices and engage with the Wizarding World setting to create new and unique experiences. The label was created to bring gamers and fans new gaming experiences that allow them to delve into the magic of the Wizarding World in immersive ways where they can define their own Wizarding World story. About Avalanche Software Established in 1995 in Salt Lake City, Avalanche Software has been creating interactive experiences for fans of the world’s largest franchises for over two decades. The studio joined Warner Bros. Games in 2016 and is currently working on Hogwarts Legacy, a new, open world, action RPG set in the Wizarding World. Additional information about Avalanche can be found at https://www.avalanchesoftware.com. HOGWARTS LEGACY software © 2023 Warner Bros. Entertainment Inc. Developed by Avalanche. WIZARDING WORLD and HARRY POTTER Publishing Rights © J.K. Rowling. PORTKEY GAMES, HOGWARTS LEGACY, WIZARDING WORLD AND HARRY POTTER characters, names and related indicia © and ™ Warner Bros. Entertainment Inc., WB SHIELD LOGO: ™ & © Warner Bros. Entertainment Inc. (s23) “PlayStation”, “PS5”, and “PS4” are trademarks or registered trademarks of Sony Interactive Entertainment.
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Weibo: Undervalued China Tech Play With Potential Event Catalysts Ahead
Weibo is one of China's leading social media platforms and offers a compelling tech play on China's economic rebound in 2023. The stock trades at about 8x its 2021 net income and is highly attractive if its financial performance can rebound quickly towards its 2021 result.
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Flow Beverage Corp. Reports Q4 and Fiscal 2022 Financial Results — Continued Growth & Cost Improvement
TORONTO--(BUSINESS WIRE)--Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) (the “Company” or “Flow”), today announced its financial results for the fourth quarter (“Q4 2022”) and fiscal year ended October 31, 2022 ("FY 2022"). All currency amounts are stated in Canadian dollars unless otherwise noted. Nicholas Reichenbach, Chairman and Chief Executive Officer of Flow, stated: “We are pleased with the growth in Flow brand revenue over the course of FY 2022, with continuing high sales velocity across our North American retail partner network, recent contract wins adding thousands of new stores, new channel growth in the food service industry, and early uptake of our most recent innovation, Flow Vitamin-Infused Water. Looking to FY 2023, we expect further improvement in profitability as we continue to execute our transformation plan, accruing full benefits from the sale of the Verona production facility, and further cost savings from ongoing internal restructuring and operational efficiency opportunities we have identified. With over $26 million in cash today, we have substantial runway to streamline our operating model and are sharply focused on delivering profitable growth of the Flow brand.” Operational Highlights During and Subsequent to FY 2022 Increased Flow brand market share in the U.S. Multi-Outlet and Natural retail sectors to 44% in Q4 2022 from 40% in Q4 2021, maintaining U.S. market share leadership in carton format and shelf stable water Increased total number of stores selling Flow to over 46,000, from 24,500 in December 2021, an 88% increase Launched a 1 liter format for two best-selling flavors, Strawberry Rose and Peach Blueberry, through a national roll-out with Sprouts Farmers Market Signed a distribution agreement with WB Canna Co. & Wellness to distribute Flow products across up to 25 Caribbean markets and up to seven Central American markets Entered into a distribution agreement with Foodbuy, the largest food procurement organization in North America, with over 11,000 points of distribution Flow became the official water partner of Accor in North America and the Caribbean; Accor is the second largest luxury hotel operator in North America Signed an agreement with Norwegian Cruise Line (“NCL”) for Flow to become NCL’s official water; NCL is a leading global cruise line operating a fleet of 28 ships Signed a distribution agreement with Starbucks Canada for Flow water to become available in over 1,000 locations across the country Signed a distribution agreement with Primo Water Corporation, whereby Flow will become available to over 1.8 million subscription customers across its consumer distribution network in the United States Launched Flow Vitamin-Infused Water in Canada with 22 retail partners, representing over 800 locations Launched the Flow Vitamin-Infused Water line of products in three new organic flavors in the United States through flowhydration.com, and over 100 Fred Meyer locations Closed the sale of the Verona production facility to BioSteel for USD $19.5 million Financial Results for Q4 and FY 2022 Trent MacDonald, Chief Financial Officer of Flow, commented, “We exited FY 2022 and entered FY 2023 with a simplified operating model, a stronger balance sheet, and improved visibility on the trajectory of our profitability and cash flow. Moreover, we have secured lower cost of goods sold going forward and a greater pathway to gross margin improvement and stability. Our Q4 and FY 2022 results reflected a business that was operating well below optimal capacity, and not yet reflective of the significant strategic initiatives we have undertaken and those that we are prepared to implement. In fiscal Q1 2023, we will begin to see some of the financial impact of the $17 million in cash savings we expected from recent strategic initiatives. We anticipate more significant improvements in our financial metrics will develop through fiscal Q2 and Q3 of 2023, as we endeavour to achieve positive cash flow from operations.” Consolidated net revenue was $13.6 million in Q4 2022 as compared to $10.4 million in Q4 2021, a 31% increase. Consolidated net revenue was $47.1 million for FY 2022 as compared to $42.7 million for FY 2021, a 10% increase. Growth in net revenue for both periods was driven by the Flow brand growth in retail and e-commerce channels in North America, while co-packing revenue contributed to growth in Q4 2022, Flow experienced reduced customer demand for co-packing services in FY 2022 as compared to FY 2021. The Company achieved Flow brand net revenue growth of 26% in FY 2022, as compared to its financial target of 25% - 30%, and 37% in the second half of FY 2022, as compared to its financial target of 35% - 45%. Gross margin was 10% in Q4 2022, as compared to 21% in Q4 2021. Gross margin was 19% in FY 2022 as compared to 26% in FY 2021. Normalized gross margin was 28% in Q4 2022 and 25% in FY 2022, adjusting for $2.2 million in take-or-pay payments that would have been payable under a previous co-packing agreement and $0.3 million of inventory reserve. Flow reported an EBITDA Loss of $12.0 million in Q4 2022, a 10% increase from Q4 2021, and a loss of $36.1 million for FY 2022, a 29% improvement from FY 2021. The improvement in EBITDA Loss is attributable to a significant reduction in stock-based compensation and cost discipline in both periods, offset by the factors impacting gross margin, higher warehousing and logistics costs, and higher trade marketing expenses in Q4 2022. Included in Q4 2022 EBITDA Loss is $2.8 million in non-cash charges related to inventory, trade credit reserves and accrual for doubtful accounts. The 29% improvement in EBITDA in FY 2022 compares to Flow’s target for an overall reduction in EBITDA Loss of between 45% - 50%. Flow reported an Adjusted EBITDA Loss of $10.6 million in Q4 2022, an 34% increase from Q4 2021, and a loss of $28.3 million for FY 2022, a 5% increase over FY 2021. The increase in Adjusted EBITDA Loss in both periods are attributable to the same factors that impact EBITDA Loss, removing stock-based compensation. 13,556,028 100% 10,371,339 100% 47,120,185 100% 42,697,547 100% 12,194,566 90% 8,225,593 79% 37,948,893 81% 31,390,486 74% 1,361,462 10% 2,145,746 21% 9,171,292 19% 11,307,061 26% 4,026,031 30% 2,678,693 26% 8,758,940 19% 9,910,992 23% 6,057,426 45% 4,621,873 45% 18,765,306 40% 15,700,421 37% 3,309,634 24% 3,984,031 38% 14,546,182 31% 15,624,183 37% 424,923 3% 478,743 5% 1,964,633 4% 1,962,881 5% 11,001 0% 2,575,035 25% 5,722,958 12% 18,290,947 43% 13,829,015 102% 14,338,375 138% 49,758,019 106% 61,489,424 144% (12,467,553) (92%) (12,192,629) (118%) (40,586,727) (86%) (50,182,363) (118%) (158,995) (1%) (7,031) 0% (161,618) 0% (87,829) 0% 1,014,699 7% 2,195,475 21% 5,680,236 12% 6,267,941 15% (134,737) (1%) (89,488) (1%) (445,094) (1%) 508,411 1% — 0% 207,674 2% — 0% 2,588,786 6% 1,426,188 11% 278,500 3% 2,047,083 4% 2,793,793 7% (14,614,708) (108%) (14,777,759) (142%) (47,707,334) (101%) (62,253,465) (146%) — 0% — 0% — 0% — 0% (14,614,708) (108%) (14,777,759) (142%) (47,707,334) (101%) (62,253,465) (146%) 2,223,287 16% (184,971) (2%) 3,046,047 6% (2,759,056) (6%) 2,223,287 16% (184,971) (2%) 3,046,047 6% (2,759,056) (6%) (12,391,421) (91%) (14,962,730) (144%) (44,661,287) (95%) (65,012,521) (152%) (12,047,354) (89%) (10,988,586) (106%) (36,098,182) (77%) (50,711,485) (119%) (10,610,165) (78%) (7,927,377) (76%) (28,328,141) (60%) (27,037,959) (63%) (13,177,519) (97%) (10,682,208) (103%) (39,937,293) (85%) (37,118,097) (87%) (1) This is a non-IFRS financial measure and is used throughout this press release. See "Non-IFRS and Other Financial Measures" for more information on each supplementary financial measure. (14,614,708) (14,777,759) (47,707,334) (62,253,465) — — — — 1,014,699 2,195,475 5,680,236 6,267,941 1,552,655 1,593,698 5,928,916 5,274,039 (12,047,354) (10,988,586) (36,098,182) (50,711,485) 1,426,188 278,500 2,047,083 2,793,793 11,001 2,575,035 5,722,958 18,290,947 — 207,674 — 2,588,786 (10,610,165) (7,927,377) (28,328,141) (27,037,959) (14,614,708) (14,777,759) (47,707,334) (62,253,465) 1,426,188 278,500 2,047,083 2,793,793 — 1,034,342 — 1,461,842 11,001 2,575,035 5,722,958 18,290,947 — 207,674 — 2,588,786 (13,177,519) (10,682,208) (39,937,293) (37,118,097) 1,361,462 2,145,746 9,171,292 11,307,061 2,200,000 — 2,200,000 — 300,000 — 300,000 — 3,861,462 2,145,746 11,671,292 11,307,061 28% 21% 25% 26% Conference Call Information Date: January 30, 2023 Time: 8:30 a.m. ET Conference ID: 54361078 Dial-in: (416) 764-8658 or (888) 886-7786 Webcast: Link Replay: (416) 764-8692 or (877) 674-7070 Passcode: 361078 Available until February 28, 2023 About Flow Flow is one of the fastest-growing premium water companies in North America. Founded in 2014, Flow’s mission since day one has been to reduce environmental impacts by providing sustainably sourced naturally alkaline spring water in a recyclable and up to 75% renewable, plant-based pack. Today, the brand is B-Corp Certified with a best-in-class score of 126.5, offering a diversified line of health and wellness-oriented beverage products: original naturally alkaline spring water, award-winning organic flavours, collagen-infused and vitamin-infused flavours in sizes ranging from 330-ml to 1-litre. All products contain naturally occurring electrolytes and essential minerals and support Flow’s overarching purpose to “bring wellness to the world through the positive power of water.” Flow beverage products are available online at flowhydration.com and are sold at over 46,000 stores across North America. For more information on Flow, please visit Flow’s investor relations site at: investors.flowhydration.com. Non-IFRS and Other Financial Measures This press release makes reference to certain non-IFRS measures. These measures are not recognized measures under IFRS, do not have a standardized meaning prescribed by IFRS, and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement those IFRS measures by providing further understanding of our results of operations from management’s perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of our financial information reported under IFRS. We use non-IFRS measures including “Adjusted EBITDA Loss”, “Adjusted Net Loss”, and “EBITDA Loss”. The Company uses a supplementary financial measure to disclose a financial measure that is not (a) presented in the financial statements and (b) is, or is intended to be, disclosed periodically to depict the historical or expected future financial performance, financial position or cash flow, that is not a non-IFRS financial measure as detailed above. We use the supplementary financial measure “gross margin”. These non-IFRS and supplementary financial measures are used to provide investors with supplemental measures of our operating performance and thus highlight trends in our core business that may not otherwise be apparent when relying solely on IFRS financial measures. We also believe that securities analysts, investors and other interested parties frequently use non-IFRS and supplementary financial measures in the evaluation of issuers. Our management also uses non-IFRS and supplementary financial measures in order to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and to determine components of management compensation. For definitions and reconciliations of these non-IFRS measures to the relevant reported measures, please see “How We Assess the Performance of Our Business” and “Selected Consolidated Financial Information” sections of the Company’s Management Discussion & Analysis available on sedar.ca and investors.flowhydration.com. Forward-Looking Statements This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws (“Forward-Looking Statements”). The Forward-Looking Statements contained in this press release relate to future events or Flow’s future plans, operations, strategy, performance or financial position and are based on Flow’s current expectations, estimates, projections, beliefs and assumptions. Such Forward-Looking Statements have been made by Flow in light of the information available to it at the time the statements were made and reflect its experience and perception of historical trends. All statements and information other than historical fact may be forward‐looking statements. Such Forward‐Looking Statements are often, but not always, identified by the use of words such as “may”, “would”, “should”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe”, “continue”, “expect”, “believe”, “anticipate”, “estimate”, “will”, “potential”, “proposed” and other similar words and expressions. Specific Forward-Looking Statements contained in this news release include, but are not limited to, statements regarding Flow’s business strategy or outlook and future growth plans, expectations regarding the elevated pace of revenue growth, potential operational efficiencies to be realized and anticipation of profitability. Forward-Looking Statements are based on certain expectations and assumptions and are subject to known and unknown risks and uncertainties and other factors, many of which are beyond Flow’s control, that could cause actual events, results, performance and achievements to differ materially from those anticipated in these Forward-Looking Statements. Forward-Looking Statements are provided for the purposes of assisting the reader in understanding Flow and its business, operations, prospects, and risks at a point in time in the context of historical and possible future developments, and the reader is therefore cautioned that such information may not be appropriate for other purposes. Forward-Looking Statements should not be read as guarantees of future performance or results. Readers are cautioned not to place undue reliance on these Forward-Looking Statements, which speak only as of the date of this press release. Unless otherwise noted or the context otherwise indicates, the Forward-Looking Statements contained herein are provided as of the date hereof, and the Company disclaims any intention or obligation, except to the extent required by law, to update or revise any Forward-Looking Statements as a result of new information or future events, or for any other reason. The following press release should be read in conjunction with the management’s discussion and analysis (“MD&A”) and consolidated financial statements and notes thereto as at and for the year ended October 31, 2022. Additional information about Flow is available on the Company’s profile on SEDAR at www.sedar.com, including the Company’s Annual Information Form for the year ended October 31, 2022 dated January 30, 2023.
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